Sophia Sommer

(602) 512-9825
The Sommer Group
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$256,992$256,992$319,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$62,508$0
Funding fee$1,285$1,285$0
Note rate3.850%3.850%7.400%
Blended rate3.850%4.858%7.640%
1st payment$1,314.70$1,314.70$2,212.15
2nd payment$0.00$468.81$0.00
Taxes / mo$101.75$101.75$101.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.90
HOA / mo$40.00$40.00$40.00
Total monthly$1,606.45$2,075.26$2,567.80
Cash to close$98,008$35,500$35,500